A Guide to the Different Types of MBA Programs
Master of Business Administration (MBA) is a career oriented and one of the most sought after professional programs among students across the globe. If you are one of them, this article provides information about the different types of MBA courses. Read on to get some relevant information.
An MBA degree is the gateway to a bright career. With handsome salary packages and jobs in different sectors make management studies a popular career option in India and abroad. A candidate willing to pursue an MBA course can get admission in any reputed MBA college in India.
The management programs may differ according to the curriculum, duration, or mode of study. Let’s take a look at the top management courses available in India.
Most of the MBA programs offered by business schools in India fall under the category of full-time MBA course. It is a traditional program, which usually includes duration of two years. Full-time MBA is one of the most recognized programs of all the types of management programs. The study program requires the students to attend the weekday classes on regular basis. A compulsory internship of at least three months is the part of the course.
While full-time MBA degree is a popular option among fresh graduates, part-time MBA program is the preferred option among working professionals. This type of management program allows the working people to continue their job with higher studies. Designed as per the need of the people, the classes are mostly held on weekdays after work hours or on weekends. At present, almost all the reputed B-schools in India offer part-time MBA programs. Such courses may last for 3 years or more.
Several courses where an MBA program is offered with others are known as dual MBA programs. Some courses allow students to pursue more than one specialization like Finance, HR, and Marketing. Dual MBA degree courses save time and money in pursuing two degree programs separately. Some colleges even offer both bachelor’s and master’s program in business administration, which can be completed in four or five years.
As the name conveys, this program is designed for managers and executives with several years of work experience. Popularly known as E-MBA, it allows the candidates to maintain their business network along with the learning.
Online MBA programs are one of the most sought after courses available for management students. This is popular as it offers the comfort of studying at home and saves time in commuting. With the advent of technology, one can now access lectures in any distant institute. In today’s time, an increasing number of MBA colleges are offering online MBA programs in different specializations. However, this type of course requires time management and self-discipline. The major features of online course are exhaustive online and offline study material, anytime learning, online exam, student support, less costly and time saving.
Distance Learning MBA
Distance learning courses can be offered in several ways such as by pre-recorded or live video, email, postal mail, online or offline courses. It is much similar to the online program, but holds some difference. The key point of difference is that distance learning program requires the student to attend some classes, events and sessions at some point of the course. These features do not mandatorily constitute the part of the online program.
Best MBA Colleges in India
Our country is home to several reputed management colleges that offer quality education to deliver world-class professionals. The best example of reputed MBA institute in India is the IIMs (Indian Institute of Management). Reputed B-schools are available in different cities like Chennai, Delhi, Mumbai, Hyderabad or Pune.
According to the Business Today 2012 survey, let’s take a look at the top ten MBA colleges in India:
Admissions to most of the top business institutes in India are invited on the basis of prestigious entrance exams like MAT (Management Aptitude Test), Common Admission Test (CAT), GMAT and ATMA. Many colleges like Symbiosis, IIFT, FMS, IRMA, XLRI and TISS conduct their own exam to admit students to the different MBA programs.
Whatever the type of management program you choose; all these courses are designed to provide knowledge in different areas of business, including human resources, accounting, operations management and marketing. However, your final decision should consider factors like your career plans and time you can spend on a particular course. With a degree in management, there is no end to the lucrative job opportunities in India and abroad as the demand for MBA degree holders is increasing in private as well as government sector!